India's Reliance Capital looks to raise $14.3b via stake sale to pare debt

India's Reliance Capital looks to raise $14.3b via stake sale to pare debt

Reliance Asset Management will soon be renamed Reliance Nippon Life Asset Management, subject to approvals from relevant authorities. Photo: Abhijit Bhatlekar/Mint

Reliance Capital Ltd (R-Cap) has drawn up plans to raise up to ₹10,000 crore ($1.43 billion) through stake sales as the diversified financial services company seeks to cut its debt amid a string of rating downgrades.

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